Equity
€2.9m ▼ 58.5%
Investments, Loans and Consulting paid out €3.3m in dividends in a year with a loss of €803,861.
Investments, Loans and Consulting
Lifetime
19 annual accounts with figures on one time axis, 30 filings since 1995peak €4.0m (2017)
€1.9m▼ 24.3%
lowest -€803,861 (2024)
-€803,861▼ €7.2m
peak €7.0m (2023)
€2.9m▼ 58.5%
€832,411▼ 22.7%
peak 31.2 FTE (2009)
17 FTE▼ 13.3%
Board4 names since 2018
1 directorThierry FRIX
Owners2 names in the annual accounts
95%DEVELOPING INITIATIVES and 1 other
Documentsfilings and deeds
08-07-202523 days before the deadline
2024financial year
Turnover from €2.5m to €1.9mLoss of €803,861Staff from 19.6 FTE to 17 FTEResignation: Philippe VANDERMEER (director) 05-11New managing director 05-11Dividend €3.3m
Key points
from the 2024 annual accountsResult
-€803,861 -€803,861
From profit to loss in 2024, after a profit of €6.4m in 2023.
Staff
17 FTE from 31.2 in 2009
Between 2009 and 2024, 46% of the full-time equivalents disappeared.
Payment terms
27 days to suppliers
Investments, Loans and Consulting pays its suppliers 35 days earlier than in 2023. Customers pay 78 days later.
Filings
30 annual accounts 39 filings, 100 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€803,861
Lower net result than 95% of companies in employment activities. Sector median €36,142 · 288 companies.
Checked score
50
Fair
Financially stronger than 39% of small companies in employment activities (NACE 78)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 195 companies (NACE 78, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.9 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.6%▲ +0.6 percentage points vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.8%▲ +0.2 percentage points vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.7%▼ -0.1 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.7%● unchanged vs 06-2026
08-2026: 1.8%▲ +0.1 percentage points vs 07-2026
09-2026: 2.2%▲ +0.4 percentage points vs 08-2026
10-2026: 3.1%▲ +0.9 percentage points vs 09-2026highest value
11-2026: 3.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Figures for financial year 2024 (filed on 09-07-2025)
1 change of registered office in 24 months
Loss of €803,861 (financial year 2024)
Liquidity: current ratio 2.49, cash €35,925, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, small). It does better than 95% of them on solvency, 39% on liquidity, 6% on profitability and 14% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 929 companies had the same profile as Investments, Loans and Consulting has now. Each dot stands for 3 companies, two years later.
90.1%
were still trading
8.8%
stopped another way
1.1%
went bankrupt
The bankruptcy probability of Investments, Loans and Consulting itself is higher: 3.1% within 12 months. It rests on far more data about Investments, Loans and Consulting than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 929 companies, not a prediction for Investments, Loans and Consulting. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €140,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 2.49 (6.21 in 2023), above the usual 1.5. Short-term debt is 22.2% and cash 1% of total assets. 22.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 100 days later.
NBB · 9 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline08-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
23 days early
2023
27 days early
2022
106 days late
2021
31 days early
2020
40 days early
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 6 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- DEVELOPING INITIATIVES 95%score 57equity €7.9m (2024) · annual accounts 2024
- Chantal SCHUSTER 5%annual accounts 2024
Shares in 9 companies, including JANSSENS PHILIPPE and MICHAUX
Board & ownershipRecent changes
Registered office moved from Auderghem to Tubize
New registered office: Rue de l’Atelier 27, 1480 Tubize · Previous registered office: Avenue Herrmann-Debroux 17-19, 1160 Auderghem · Reappointment: FRIX ThierryGuyMarieGhislain (director) · General meeting of 02-10-2025 · Gazette deed
Resignation: Philippe VANDERMEER (director)
Reappointment: Benoît SIBILLE (director) · General meeting of 21-05-2024 · Gazette deed
New managing director
Thierry FRIX appointed, Benoît SIBILLE resigned · Permanent representatives: Benoît SIBILLE and Thierry FRIX · General meeting of 16-09-2024 · Gazette deed
Reappointment: Philippe VANDERMEER (director)
General meeting of 31-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Investments, Loans and Consulting Tubize | €1.9m | -42.9% | 77.7% | 17 |
| GI Group Belgium Zaventem | €2.1m | -14.8% | 90.7% | 18.9 |
| Travi Brussels | €3.0m | 0.9% | 20.1% | 17.5 |
| Kubik Group Rumst | €2.0m | -14.5% | 4.6% | 4.1 |
| First-IT Mechelen | €4.1m | 3.5% | -33.8% | 17.9 |
| ERGOFLEX Mechelen | €4.5m | 7.3% | 77.9% | 48.4 |
| Axis Antwerp | €3.7m | -11.6% | 10.6% | 25.4 |
Grey: the largest companies of the sector (employment activities (NACE 78)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Investments, Loans and Consulting: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €1.1m and €5.4m, founded between 1995 and 2005.
Official details
Source: KBO- Status
- Active since 31-07-1994Normal situation
- Registered office
- 17 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Temporary employment agencies and other provision of personnelNACE 78200and 3 others
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.067.874.8031480 Tubize, since 17-08-1994
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2024
- €3.7m▼ 53.7%
- Employeeson 31-12-2024
- 14▼ 12.5%
- Filing
- Filed on 08-07-2025
Companies linked to Investments, Loans and Consulting
Subsidiaries and holdings
- I.L. & C. - TITRES SERVICES - AGENCE DE MONS45%
- I.L. & C. TITRES SERVICES-AGENCE DE NAMUR45%
- I.L. & C.-TITRES SERVICES-AGENCE DE JODOIGNE45%
- I.L.&C.- TITRES SERVICES-AGENCE D'ENGHIEN45%
- I.L.&C.-TITRES SERVICES-AGENCE D'ANDERLECHT45%
- I.L.&C.-TITRES SERVICES-AGENCES DU LUXEMBOURG45%
- IL & C Ma Sorcière bien-aimée35%
Insights on Investments, Loans and Consulting
Investments, Loans and Consulting has existed since 1994. In 2016 turnover rose from €1.4m to €3.8m.
Turnover has fallen every year since 2021. Solvency fell in 2024 from 86.6% to 77.7% because of the loss.
DEVELOPING INITIATIVES holds 95% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Investments, Loans and Consulting
- What is the company number of Investments, Loans and Consulting?
- The company number of Investments, Loans and Consulting is 0453.185.879. The VAT number is the same number with BE in front: BE 0453.185.879.
- Where is Investments, Loans and Consulting based?
- The registered office is at Rue de l'Atelier 27, 1480 Tubize.Company details
- What does Investments, Loans and Consulting do?
- According to the KBO register, the main activity is temporary employment agencies and other provision of personnel (NACE 78200).
- What is the legal form of Investments, Loans and Consulting?
- Investments, Loans and Consulting is a public limited company (NV).
- When was Investments, Loans and Consulting founded?
- Investments, Loans and Consulting was founded on 31-07-1994.
- Is Investments, Loans and Consulting still active?
- Yes, Investments, Loans and Consulting is an active enterprise in the KBO register.
- How many employees does Investments, Loans and Consulting have?
- Investments, Loans and Consulting had an average of 17 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does Investments, Loans and Consulting fall under?
- In its 2024 annual accounts, Investments, Loans and Consulting states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Investments, Loans and Consulting?
- The turnover of Investments, Loans and Consulting was €1.9m in financial year 2024, according to the filed annual accounts.
- Is Investments, Loans and Consulting profitable?
- In financial year 2024, Investments, Loans and Consulting made a loss of €803,861.
- Where can I find the annual accounts of Investments, Loans and Consulting?
- Investments, Loans and Consulting filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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